JimVanMeerten (59.10)

6 Sky Rocket Stocks

1

Today's featured stocks - I'll withhold the term "stock pick" - are highly volatile and before you consider adding them to your portfolio please do additional due diligence.

On days when the market seems to be regrouping or taking a breather is a good day to learn how to screen for stocks that are beating the trend. Today I used Barchart to screen all the Stocks Hitting New Highs list, then sorted them for frequency and used the flipchart function to pan through the charts. Some have risen too fast to continue much longer and some seem to be rising in spite of poor fundamentals but I decided to give you the charts anyway.

Barchart technical indicators:96% Barchart technical buy signalTrend spotter buy signalAbove its 20, 50 and 100 day moving averages17 new highs and up 78.68% in the last monthRelative Strength Index 88.86%Barchart computes a technical support level at 5.25Recently traded at 5.95 with a 50 day moving average of 3.55

Cerus Corp (CERS)Barchart technical indicators:96% Barchart technical buy signalTrend Spotter buy signalAbove its 20, 50 and 100 day moving averages15 new highs and up 40.95% in the last monthRelative Strength Index 85.02%Barchart computes a technical support level at 4.19Recently traded at 4.45 with a 50 day moving average of 3.33

First Financial Holdings (FFCH)Barchart technical indicators:96% Barchart technical buy signalsTrend Spotter buy signalAbove its 20, 50 and 100 day moving averages15 new highs and up 31.77% in the last monthRelative Strength Index 89.30%Barchart computes a technical support level at 21.03Recently traded at 21.54 with a 50 day moving average of 16.72

E I DuPont de Nemours and Co (DD)Barchart technical indicators:96% Barchart technical buy signalsTrend Spotter buy signalAbove its 20, 50 and 100 day moving averages15 new highs and up 6.07% in the last monthRelative Strength Index 69.38%Barchart computes a technical support level at 49.574Recently traded at 49.91 with a 50 day moving average of 47.51

Arch Capital Group (ACGL)Barchart technical indicators:96% Barchart technical buy signalsTrend Spotter buy signalAbove its 20, 50 and 100 day moving averages15 new highs and up 8.75%Relative strength Index 81.80%Barchart computes a technical support level at 50.98Recently traded at 51.71 with a 50 day moving average of 47.35

Universal Corp (UVV)Barchart technical indicators:96% Barchart technical buy signalsTrend Spotter buy signalAbove its 20, 50 and 100 day moving averages14 new highs and up 4.19% in the last monthRelative Strength Index 66.46%Barchart computes a technical support level at 57.07Recently traded at 57.97 with a 50 day moving average of 54.81